Newbie want capital guaranteed. There are numerous financial instrument which is capital guaranteed by gomen and banks. This can easily find in other tered.

FD with PIDM protection

If u assumed that as capital guaranteed.. Then I got no comments..

Because there's no such term as capital guaranteed UT...

Heck there's no such UT anywhere in the world.. Only in Bolehland.. All because of helping certain people initially, later open up to others after some "political pressures"

t&c never changed. do take a look at the product highlight sheet.

http://www.asnb.com.my/v3_/pdf/produk/ASB/2017_PHS-ASB.pdf

Whilst you can buy and sell at RM1 today does not mean it is capital guaranteed. Please read the master prospectus to fully understand this product.

http://www.asnb.com.my/v3_/pdf/produk/mast...rprospectus.pdf

First page you can clearly see it's written : Investors are advised to blah blah blah...

PIDM is a setup of MOF under Parliament supervision. It is for protecting small investors from losing all their saving.

I think, all the fixed price ASNx fit the profile. Being one of ASNx holders, I'm totally ok for ASNB to spare partly investing return for PIDM premium.

Alternatively, why not allow us to buy the PIDM premium as an option, such as 0.1% of the insured sum.

This post has been edited by kpfun: Nov 15 2017, 09:39 AM

But does PIDM would actually work if really something happens??

Because I Read somewhere, their funds is limited.. And cannot "cover" every account.. I mean pay up $$ if banks goes bust..

pidm doesn't cover everything. it's only 250k per account per bank. if you have 1m at affin bank and affin go bust, pidm will only pay you 250k, you lose 750k. pidm is a statutory body under gomen which is obliged to pay you as per the statutory regulations.

This post has been edited by ikanbilis: Nov 15 2017, 11:43 AM

Maybe, the years collected premium are adequate for paying a bank run, but not, many bank runs.

However, the big boss is Parliament. So, I trust, they have a way to fund the payment.

This post has been edited by kpfun: Nov 15 2017, 11:44 AM

This would not happen to asnb products. ASNB is an investment product and must carry some form of risks. If it is PIDM protected like banks, all FD deposits would switch to ASNB and cripple the banks in malaysia.

FP ASNx is a closed fund. It is not up to you. It depends on the fund availability.

There is no such thing that no more FD customers because of ASNx.

okok you win liao lor.

Capital guaranteed by gomen and bank such as...?

fixed deposits

I know PIDM only covers certain amount in CASA, FD etc.

What I'm trying to say is, all the banks account in Malaysia.. PIDM cannot pay each of the account..
U know got how much account by individual in Malaysia? PIDM have the actual financial strength to pay?? Same with PNB too.. Suddenly everyone withdraws in 1 day? Can they pay on the spot? 80bil 😈

Just saying only

So PIDM is just for making people feel safe only.. Real shit happen.. Then we knows later...

This post has been edited by nexona88: Nov 15 2017, 02:16 PM

My understanding is same as per sifu nexona... the total of deposits in the banks in our country is way above what PIDM can payout i believe.. same goes to PNB, EPF. If everyone withdraws on a same single day, they wont have enough cash to cover everyone...

Having say that, if either banks or PNB goes bust, there is alot more other implications to our country, than just us, making noise bout the $ we have deposited in it, be it banks or PNB.

Heard rumours said epf will pay lower dividend in future. Should we take out epf money whatever we can now?

Spot on..
The implications would be very big..

So before shit really happens.. There's would be some indication already...

For now, seems okay.. Major withdrawal by individual in ASx is covered fast by those toping up daily basis... So PNB is "safe" for now.. No headache others than maintain the 6% rate 😂😂

How low we talking about??

2.5% like in 1959?? Or 4% in 1960 😇